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Bill > HB2511
TN HB2511
TN HB2511AN ACT to amend Tennessee Code Annotated, Title 9, to clarify the appropriation of funds to certain debt issuers for debt service payments. This act makes appropriations for debt service obligations for an indefinite period of time.
summary
Introduced
02/03/2026
02/03/2026
In Committee
03/04/2026
03/04/2026
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, authorizes direct and continuing appropriations by airport authorities for the issuance of debt that is not a liability of the state and the payment of debt service thereon. - Amends TCA Title 9.
AI Summary
This bill, effective July 1, 2026, amends Tennessee Code Annotated, Title 9, which deals with state finance and financial administration, to clarify how funds are appropriated for debt service payments. Specifically, it allows airport authorities, operating under specific state laws (Title 42, Chapters 3 or 4), to directly and continuously appropriate funds for the issuance of debt that is not a liability of the state and for the payment of the interest and principal on that debt, known as debt service. This change is made by inserting language into an existing section of law that previously only allowed the housing development agency to make such appropriations.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Placed on cal. Finance, Ways, and Means Committee for 3/10/2026 (on 03/04/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB2511&ga=114 |
| Fiscal Note - SB2454 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2454.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2511.pdf |
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